Question for Investor-Friendly Agents

[Bryce Henson]

Hey there, I'm in the process of analyzing a fix-and-flip home in my area. I live in a resort town, with a lot of second homes, so the market price for an average home is already pretty high. The home needs pretty major renovations, but in my opinion would be worth it *if* the seller is willing to come down significantly on their asking price. The other thing to consider is the original owner has died, leaving the estate to his sister and nephew to sell. Also worth noting that he took out a reverse mortgage on the home before he passed away.

Based on these circumstances, and also just in general, I'm wondering how investor-friendly agents out there approach sellers that have a home that is too overpriced for a fix-and-flip situation? Not asking for any super secret strategies, just generally what your approach might be? Thank you in advance!

[Huy N.]

i show the seller how i come up with the offer price by going back from my ARV, minus holding cost - minus repair - minus the profit i am willing to take on the deal. The offer also come with very high earnest money and no option period. I don't mind sharing with the seller how much I will be or my client will make on the home either. Seller then 1 declined which we moved on, 2. take it or 3. negoiate until we find a happy number. Disclosure everything. no secret about what we do

Good luck!